CMA CGM to buy FedEx’s contract logistics unit for $1.4B
Once the deal for FedEx Supply Chain is complete, the two companies also plan to solidify multiyear ocean and air freight agreements.
Once the deal for FedEx Supply Chain is complete, the two companies also plan to solidify multiyear ocean and air freight agreements.
The beverage giant will lay off 175 workers as part of the closure, which has been planned for several years.
Breakbulk and project cargo market drivers are being tempered by government actions and ongoing tensions in global trade lanes.
The Brownsville Navigation District unveiled its deeper ship channels last week as the South Texas port aims to be ready for heavier liquid and bulk commodity ships.
The Spring Hill plant will produce more truck models as part of the company’s approximately $9 billion U.S. manufacturing footprint expansion.
After grounding its entire MD-11 fleet in November, the carrier began reintroducing the aircraft in May, CEO Raj Subramaniam said.
The carrier’s acquisition of a 49% stake in the Vizhinjam transshipment hub is said to be the single-largest foreign direct investment into the Indian port sector to date.
The port has played a key role during the Middle East war with its location just south of the Strait of Hormuz providing the Persian Gulf with a multimodal gateway to global markets while the strait has been effectively closed.
The meal kit company can now fulfill a greater variety of SKUs after deploying Locus Origin robots at its Phoenix facility.
The e-commerce giant says shipper need for flexibility in a volatile market led it to open its less-than-truckload service to “external” customers.